1/ Two investors both say "$5M valuation." One deal gives you 76.9%. The other gives you 70%. Here's the pre-money vs post-money difference every founder needs to know π§΅
10/ The founders who raise the best terms aren't always the ones with the best companies. They're the ones who knew exactly what they were negotiating before anyone put a number on the table.
1/ Pro rata rights appear in almost every VC term sheet. Most founders don't fully understand what they've signed until the next round β when it's too late to fix it. A quick breakdown:
10/ The founders who manage pro rata dynamics well close their next round faster β cleaner cap table, aligned investors, no allocation surprises at the closing table. It's a detail that compounds.